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Best Nifty Tips


Strong up trend were saw last week and conversely closed above 19000 level indicate bullish zone. We may consider 19650 is a stiff resistance in near term which is the 61.8% Fibonacci retracement level of the previous correction from the level of 17296 to 21109) On the down side strong support range 19000-19150 till then likely trading range of the Index On the other hand Index continue trading above 50 and 200 DMA which indicate near term Bull market. In near term, any dip is a buying opportunity rather than sell on rise strategy, however prices may fluctuate but the trend continues to be higher. And another round of sharp up move would not be surprise. 

TODAY: - After flat too positive opening in the sensex was showing range bound situation. At the end it closes flat to negative. Because of flat closeting there was no major changes in support resistance. Now the important level to watch out for today intraday working resistance is 19575-19731-19833. And support is 19343-19232-19178.

As last week strong move were saw but unable to cross their resistance level 11900 which is a previous top of Jan 2011. We may consider down side strong support 10500 and decisively break only weakness and may test 10000 mark, thereafter it will entered in negative zone, on the higher sigh crossover 11900-12000 level and conversely close above with volume may test 12500, thereafter northward journey will take up to 13000-13500 level in term. Buy on dip strategy to follow along with (12 stocks which is a consists of Bank Nifty) 

TODAY: After flat too positive opening in Bank Nifty showing some volatility in the market. And it close negatively. Now the important level to watch out for today intraday working resistance is 11849-11912 it is the major resistance level above that can see more positivity in the market. And support is 11551-11401. Ultimate target 12000 + Major resistance 11900 (previous top)
Nifty Future

Today think to buy only above 5900 if stay with volume,
Down side support 5850, 5810
Play for long side - Your Stop loss....?
For Target........?

Above 130 very very and catch it
For target 139, thereafter more up side.
Big move in coming days.

Finally broken resistance 210 and closed
Above.... Now today..........
Above 215 target 220 +. 

Some More down side,
Consider resistance 2760-2790 range
Below 2700, target 2651......
Lower level start buying in small lots. 

After consolidation at the level 45
Sharp move on yesterday....
We are long in this counter.....
Will it test 700 mark in April Series ?
Yes if not break and close below.......?
Above 610 no problem for bulls.....

Trading range 1100 to 1126
Break out this range will move
25-30 points easily.....

Time for consolidation...
Still hold 40-50-200 DMA
Big move in coming days. 

Near to strong resistance...
Once crossover and stay with volume
Target 1150-1170...
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